Index Update:  U.S. stock futures surged on Monday, with the S&P 500 up 1.3%, Nasdaq 100 rising 1.9%, and Dow Jones gaining over 400 points, rebounding from Friday’s sharp losses. Sentiment improved after President Trump softened his tone on China, easing trade worries. Investors also looked ahead to the upcoming earnings season, starting with major U.S. banks. Despite the ongoing federal government shutdown, megacap stocks advanced broadly, led by Nvidia, Tesla, Amazon, and Broadcom.

Market Movers:  On Friday, the top gainers were ESS Tech, Inc. (+141.86%), followed by Safe & Green Holdings Corp. (+92.59%). On the contrary Xenetic Biosciences, Inc. (-33.09%), and Mercurity Fintech Holding Inc. – American (-26.69%) declined the most the same day.

Commodities Update:  Crude oil and gold prices surged on Monday after President Donald Trump adopted a more conciliatory tone toward China, easing fears of an escalating trade war. WTI crude rose nearly 2% to around $60 per barrel, and Brent climbed to $63.8, rebounding from five-month lows. Gold hit a record high of $4,070 per ounce amid safe-haven demand driven by trade tensions, global uncertainties, and expectations of further U.S. rate cuts. Meanwhile, Trump announced the end of the Gaza war ahead of his Middle East visit, where he is set to address peace efforts between Israel and Hamas.

Macro Updates:  The Trump administration signaled readiness for a trade deal with China despite rising tensions over Beijing’s rare earth export controls. This followed Trump’s announcement of 100% tariffs on all Chinese imports starting November 1. Vice President J.D. Vance urged China to act reasonably, while Trump downplayed the dispute, saying on social media that both nations want to avoid economic harm and that the U.S. aims to help, not hurt, China.

Dollar Commentary:  The U.S. dollar index rebounded to around 99 on Monday after President Trump softened his stance on China, easing trade concerns. Vice President J.D. Vance said the U.S. is open to talks if Beijing is reasonable. The index had dropped on Friday following Trump’s tariff threats. The dollar also strengthened against the yen amid Japan’s political uncertainty but remained weaker against the euro after France announced a new cabinet.

Futures Update:  U.S. stock futures surged on Monday after President Donald Trump struck a more conciliatory tone toward China, easing trade tensions. Dow futures were up 1.0%, S&P 500 futures rose 1.3%, and Nasdaq 100 futures gained 1.9%

Stocks came under pressure during Friday morning trading and experienced further declines as the session progressed, closing significantly lower for the day. The S&P 500 dropped by 182.60 points, or 2.71%, finishing at 6,552.52. From a technical perspective, there is potential for a relief rally in today’s session, as the market recently cleared key liquidity zones. Additionally, the 14-day Relative Strength Index (RSI) is near the mid-point and could trend upward, indicating the possibility of renewed buying momentum for next few sessions. Key support levels are around 6,500, with resistance anticipated near 6,700.

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